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The daily Wave Analysis for October, 16th, 2009.






Notes


1. The Wave Analysis it for today the most flexible, powerful and perspective tool which allows to predict tendencies which lead to certain changes on financial charts on all time pieces.
2. One of properties of this tool is its insufficient formalisation, proceeding from it the opinion of the author of the forecast made on the basis of the Wave Analysis always is subjective.
3. As the wave picture constantly varies, the forecast on the basis of the Wave Analysis reflects opinion of the author at the moment of the forecast publication.
4. The Wave Analysis is not trading system. It not the generator of signals on the conclusion or an exit from the transaction, therefore the schematical direction of movement of the price put on the chart should not be for the trader the guide to action on opening of positions.
5. In case of formation in the market of conditions which, according to the author it is possible to use for drawing up of the trading plan - on a chart levels of acknowledgement of the chosen scenario, optimum areas of an input and levels of cancellation of the chosen scenario will be specified in addition.


1. Currency pair USD/CHF.

The expected discharge has come, however its interpretation has appeared a little other.
Nevertheless, now it is possible with большей to assume definiteness further moods of pair. The impulse [v] of 5 of A is presumably formed. After end of a correctional wave iv of (v) it is logical to expect falling chf usd as impulse or Diagonal Triangle formation v of (v).

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2. Currency pair EUR/USD.

The expected discharge has come, however its interpretation has appeared a little other.
Nevertheless, now it is possible with большей to assume definiteness further moods of pair. The impulse [v] of 5 of A is presumably formed. After end of a correctional wave iv of (v) it is logical to expect growth eur usd pair as impulse or Diagonal Triangle formation v of (v).

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3. Currency pair GBP/USD.

Prompt growth of a cable assumes wave formation [a] of B of (B). While it develops within the limits of an impulse. However considering insidiousness of waves «B» it is necessary to be ready to more difficult design of expected model.

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4. Currency pair USD/JPY.


The yen develops within the limits of the forecast. Has a little changed a sight at a wave counting (b) of [ii]. However it has not changed an essence - the impulse (c) of [ii] is presumably formed.

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Igor Pak.
Analyst of company Admiral Markets.
igor.pak@forextrade.ee

At any use of the analytical material taken from a site of company Admiral Markets, and the secondary publication on any other resources, the rights to intellectual property for a dealing centre «Admiral Markets», the reference to a company site is obligatory.

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Market Analyst
Igor Pak





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